Treasuries Gain After Building Explosion In NYC

By Michael Aneiro

Treasury bond prices have been gaining steadily all morning and briefly surged around 9:30 EDT after first reports surfaced of a building explosion on 116th Street and Park Avenue in Manhattan, close to to the elevated Metro North rail tracks that serve northern suburbs of the city. Treasury prices have since returned almost to where they were immediately prior to the explosion, with the 10-year note up 10/32 in price to trim its yield to 2.730%, per Tradeweb data, while the 30-year bond is up 24/32 to yield 3.666%.